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(Photo: AP)
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Ben Glisan, a former Enron Corp. treasurer, faced multiple charges of money laundering, wire fraud and conspiracy as part of a 109-count indictment against his one-time boss, former Enron finance chief Andrew Fastow. At first, he pleaded innocent to all charges. Then, on Sept. 10, 2003, he changed his plea to guilty on a single count of conspiracy.
Glisan was fired in November 2001, less than a month before Enron filed for bankruptcy, when an internal probe revealed he gained $1 million from a $5,800 investment in one of several complex deals at the heart of the Justice Department's case against the Houston company. He also negotiated for Enron in some of its transactions with Raptor, and worked with Fastow and Kopper in creating and running LJM2.
He was immediately sentenced to prison for five years and became the first former Enron executive to serve time. "I think I would simply like to say I take full responsibility for my actions," Glisan told the judge. He later began cooperating with prosecutors.
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